Searches And Hires
The organization is looking to establish a trust fund and has issued an RFP seeking an investment advisor to oversee the fund.
The funds have delayed the announcement of finalists in their search for investment managers by three weeks due to the considerable number of proposals received.
The agency is slated to select a firm at its May 15 board meeting.
The searches are for buyout, growth equity and venture capital strategies.
The retirement system committed $500 million to four existing managers.
Funding for the new domestic small-cap growth mandate comes from a passive investment with RhumbLine Advisers.
The plan will move the assets with the state investment trust.
City is seeking investment services for its $215 million investment portfolio.
The plan has begun a request for services for a consultant.
The plan put in a full redemption request with its sole real estate manager.